AUD/JPY Price Analysis: Drops toward 94.20 area as bearish pressure mounts
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The AUD/JPY currency pair is experiencing downward pressure, trading near 94.30 with mixed technical signals. While some indicators remain neutral, moving averages and selling pressure suggest a bearish short-term outlook. Key support levels are around 94.00-93.88, with resistance near 94.40-94.45.
March 29, 2025 | 6:00 pm
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The technical analysis of AUD/JPY suggests potential weakness for the Australian dollar, which could impact the Invesco CurrencyShares Australian Dollar Trust.
Bearish AUD/JPY technical signals indicate potential depreciation of Australian dollar, which directly affects FXA's performance
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70